AKWEL, a parts and systems manufacturer for the automotive and heavy-vehicle industry, recorded a consolidated turnover of €1,066.4M for 2023, up by +7.9%. The company's turnover was affected by currency fluctuations, resulting in a negative impact of -€16.8M for the year. The main drivers of turnover growth were Products and Functions, with Air intake, Washer systems, and Cooling product lines being the strongest drivers. AKWEL anticipates a similar level of business activity in the current financial year based on forecasts of stable global automotive production in its main markets in Europe and North America.

AKWEL's 2023 Turnover Up by 7.9%